Zhongxiang Yunqi secures multimillion-yuan angel round

2020-08-02
|
Isiah Liu

On July 30, Zhongxiang Yunqi, a social new retail system service provider, announced the completion of its angel round worth millions of yuan. The round was led by Yunque Capital.


Chen Qinfeng, founder of Zhongxiang Yunqi, said that the Saas platform of the company has been officially launched in September 2019, and accumulated nearly a thousand enterprise clients and nearly a million registered users.


In the second half of 2020, the company will move from systems operations to the trading level, and will also expand overseas in the future.


Proceeds from this round of financing will not only be used for product development, but also to support marketing and staffing expansion.


Currently, Zhongxiang Yunqi provides services in SaaS mode for clients, mainly medium-sized enterprisesin sectors of footwear and apparel, maternal and infant supplies, beauty products and food and beverage.


The company's annual revenue growth rate is approximately 300% and it has managed to break even.


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